Dynex Capital, Inc. $DX Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. reduced its holdings in Dynex Capital, Inc. (NYSE:DX) by 62.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 50,914 shares of the real estate investment trust’s stock after selling 83,586 shares during the quarter. Simplify Asset Management Inc.’s holdings in Dynex Capital were worth $567,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Dynex Capital by 14.6% during the second quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock worth $241,722,000 after purchasing an additional 2,355,906 shares during the period. Callodine Capital Management LP acquired a new stake in Dynex Capital in the first quarter valued at $21,320,000. Segall Bryant & Hamill LLC acquired a new stake in Dynex Capital in the first quarter valued at $19,581,000. Royal Bank of Canada raised its position in Dynex Capital by 2,358.9% during the 1st quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock worth $19,537,000 after purchasing an additional 1,468,836 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Dynex Capital by 142.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,221,800 shares of the real estate investment trust’s stock worth $29,128,000 after purchasing an additional 1,307,100 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JonesTrading reduced their price target on Dynex Capital from $14.75 to $12.50 and set a “buy” rating on the stock in a research report on Monday, October 19th. BTIG Research set a $12.00 price objective on Dynex Capital and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, October 20th. Finally, Weiss Ratings cut Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 16th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dynex Capital has a consensus rating of “Hold” and an average target price of $13.38.

Dynex Capital Trading Down 1.0%

DX opened at $10.81 on Thursday. Dynex Capital, Inc. has a twelve month low of $10.31 and a twelve month high of $14.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $11.81 and a 200-day moving average of $12.95. The stock has a market cap of $2.68 billion, a PE ratio of 51.50 and a beta of 0.98.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $101.56 million for the quarter, compared to the consensus estimate of $113.48 million. Dynex Capital had a positive return on equity of 10.45% and a negative net margin of 4.65%.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 18.9%. The ex-dividend date is Thursday, October 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently 971.43%.

Insiders Place Their Bets

In other Dynex Capital news, CEO Smriti Popenoe acquired 12,000 shares of the stock in a transaction dated Tuesday, October 20th. The stock was purchased at an average cost of $13.05 per share, with a total value of $156,600.00. Following the transaction, the chief executive officer owned 541,098 shares in the company, valued at approximately $7,061,328.90. The trade was a 2.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CIO John Jr acquired 2,500 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was acquired at an average cost of $11.18 per share, for a total transaction of $27,950.00. Following the completion of the purchase, the executive directly owned 58,695 shares in the company, valued at $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 24,680 shares of company stock worth $295,220. Company insiders own 0.76% of the company’s stock.

Dynex Capital Profile

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.